Against Grain, Luxury Market Moves Up

Luxury prices are strengthening, with double-digit growth in 20 of the largest markets in the nation—a contrast from the housing market overall, according to the August Luxury Home Index by realtor.com®. The age of inventory in the luxury segment sped up to 121 days, the Index shows.
“The conditions in the luxury segment are quite different from the market overall—it’s really a tale of two markets,” says Danielle Hale, chief economist for realtor.